R E P O R T
The directors have pleasure in presenting their report together with the audited financial statements of the Group and of
the Company for the financial year ended 31 December 2016.
The principal activities of the Company are investment holding and provision of management services to its subsidiaries.
The principal activities of the subsidiaries, joint ventures and associates are described in Note 44 to the financial statement.
There have been no significant changes in the nature of the principal activities during the financial year, other than the
acquisition of KFM Holdings Sdn. Bhd. ("KFM") and Asia Integrated Facility Solutions Pte. Ltd. ("AIFS") as further discussed
in Note 17 to the financial statements. KFM provides integrated facilities management services, green technology and
sustainability services in both Malaysia and United Arab Emirates, while AIFS provides integrated facilities management
services, healthcare facilities management services, housekeeping and patient management services with presence in
Singapore, Taiwan and Malaysia.
Profit net of tax
Owners of the parent
There were no material transfers to or from reserves or provisions during the financial year other than as disclosed in the
In the opinion of the directors, the results of the operations of the Group and of the Company during the financial year were
not substantially affected by any item, transaction or event of a material and unusual nature.